A number of other brokerages have also recently weighed in on MTN. MKM Partners reissued a buy rating and set a $266.00 target price (up from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. Zacks Investment Research raised shares of Vail Resorts from a hold rating to a strong-buy rating and set a $264.00 price objective on the stock in a report on Wednesday, October 25th. Stifel Nicolaus reiterated a hold rating and issued a $229.00 target price on shares of Vail Resorts in a research report on Thursday, September 7th. KeyCorp reiterated an overweight rating and issued a $250.00 target price on shares of Vail Resorts in a research report on Wednesday, August 30th. Finally, Janney Montgomery Scott reiterated a buy rating and issued a $260.00 target price (up previously from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. Eight analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $250.25.
Shares of Vail Resorts (MTN) traded down $2.21 during mid-day trading on Friday, hitting $223.83. 361,100 shares of the stock traded hands, compared to its average volume of 322,810. The stock has a market capitalization of $9,286.01, a P/E ratio of 43.45 and a beta of 0.48. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 0.69. Vail Resorts has a fifty-two week low of $154.11 and a fifty-two week high of $237.77.
In other news, CFO Michael Z. Barkin sold 7,953 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total value of $1,722,222.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert A. Katz sold 115,900 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $218.73, for a total transaction of $25,350,807.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 236,742 shares of company stock valued at $51,804,735. Corporate insiders own 3.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in MTN. Commonwealth Bank of Australia raised its position in shares of Vail Resorts by 284.5% in the second quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock valued at $100,000 after purchasing an additional 367 shares during the period. Toronto Dominion Bank bought a new position in shares of Vail Resorts in the second quarter valued at approximately $100,000. Strs Ohio bought a new position in shares of Vail Resorts in the second quarter valued at approximately $105,000. SG Americas Securities LLC bought a new position in shares of Vail Resorts in the second quarter valued at approximately $117,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Vail Resorts in the second quarter valued at approximately $162,000. 94.57% of the stock is currently owned by institutional investors.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
Receive News & Ratings for Vail Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts Inc. and related companies with our FREE daily email newsletter.